Assume That in Table 30

question 47

Multiple Choice

$\begin{array}{l}\begin{array} { c c c c } \text { Output (units) } & \text { Labor (units) } & \text { Output (units) } & \text { Capital (units) } \\10 & 1 & 20 & 1 \\26 & 2 & 56 & 2 \\38 & 3 & 86 & 3\end{array}\\\\\text { Table 30.5 }\end{array}$ Assume that in Table 30.5 the cost of labor is $4 per unit and the cost of capital is $6 per unit.In Table 30.5, what is the cost efficiency of the second unit of labor?

• A)64 units per $1 of cost.
• B)16 units per $1 of cost.
• C)26 units per $1 of cost.
• D)4 units per $1 of cost.

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Definitions:

Portfolio Analysis

A systematic approach to analyzing the elements of a portfolio, often involving reviewing its various investments to determine performance and alignment with strategic goals.

High-Growth Market

A market that is experiencing significantly higher than average growth rates.

Operational Excellence

A philosophy in the management that focuses on continuous improvement in business operations, aiming for efficiency, quality, and customer satisfaction.

Human Resource Management

The strategic approach to managing a company's employees, focusing on policies and systems to improve work life and maximize employee performance.